Global Whey Protein Market

Whey Protein Market Size, Share, Growth Analysis, By Type (Whey Protein Isolate, Whey Protein Concentrate), By Form (Powder, Liquid), By Application (Sports Nutrition, Dietary Supplements,), By Region - Industry Forecast 2025-2032


Report ID: SQMIG30I2196 | Region: Global | Published Date: December, 2024
Pages: 198 | Tables: 59 | Figures: 75

Whey Protein Market Insights

Whey Protein Market size was valued at USD 6.69 Billion in 2023 and is poised to grow from USD 7.39 Billion in 2024 to USD 16.42 Billion by 2032, growing at a CAGR of 10.50% during the forecast period (2025-2032).

The growing awareness about healthy lifestyles has led to an increase in the demand for whey protein. This trend has been fueled by the recommendation of protein supplements by fitness and sports clubs, which has drawn the attention of customers to whey protein. Besides, the food industry uses whey protein in various products such as baked goods, dairy products, beverages, cereals, chocolates, and baby foods, due to its antibacterial and antihypertensive properties. The increasing focus on consuming immunity-boosting products has also led to an upsurge in the demand for protein supplements in the daily diet of consumers. Whey protein is used to improve biological value, create superior textural, physical, and other food functional properties, and formulate low-lactose and high-protein products. Research efforts to discover new applications, such as the development of edible films, are expected to further support industry growth. The consumption of whey protein is also beneficial to cancer patients receiving radiation therapy or chemotherapy as it aids in digestion and provides an excellent alternative to meet their nutritional needs. In the personal care industry, whey protein is used as a significant ingredient in the formulation of skincare and hair care products, thanks to its skin-hydrating and hair-conditioning properties. Food and beverage producers are also substituting functional whey protein for high-fat and pricey components like cream cheese, milk, and butter in their packaged meals while maintaining the formulations' original look, flavour, and texture. The demand for products will increase as a result of companies adding functional ingredients to their product labels due to increased competition in the packaged food industry.

US Whey Protein Market is poised to grow at sustainable CAGR for the next forecast year.

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Global Whey Protein Market size was valued at USD 6.05 billion in 2022 and is poised to grow from USD 6.69 billion in 2023 to USD 14.86 billion by 2031, growing at a CAGR of 10.50% in the forecast period (2024-2031). 

The competitive landscape of the global whey protein market is highly fragmented, with numerous local and global players operating in the market. The market players are primarily focusing on product innovation, development, and expansion strategies, such as mergers and acquisitions, partnerships, collaborations, and agreements, to strengthen their market position. Additionally, market players are investing in research and development activities to develop new products with enhanced functionalities and nutritional value to meet the changing consumer preferences and sustain their competitive edge in the market. 'Optimum Nutrition ', 'Transparent Labs ', 'MuscleBlaze ', 'Dymatize ', 'MuscleTech ', 'Bio-Engineered Supplements & Nutrition (BSN) ', 'CytoSport ', 'MusclePharm ', 'Maximum Human Performance (MHP) ', 'Now Sports ', 'Isopure ', 'Allmax Nutrition ', 'Gaspari Nutrition ', 'Labrada Nutrition ', 'Ultimate Nutrition ', 'Cellucor ', 'Pro Jym ', 'Nutricost ', 'Myprotein ', 'Scitec Nutrition '

One major driver of the global whey protein market is the increasing demand for protein supplements and sports nutrition products due to the growing popularity of low-carb and high-protein diets. Additionally, the rising number of fitness enthusiasts and athletes, coupled with the increasing awareness about the health benefits of whey protein, such as improving muscle mass, reducing body fat, and boosting immunity, has further propelled the growth of the market.

One key market trend in the global whey protein market is the growing demand for clean label and natural products. Consumers are becoming increasingly health-conscious and are seeking products with fewer additives and ingredients. This has led to a shift towards natural and organic products, including whey protein. Market players are responding to this trend by offering clean label and natural whey protein products with minimal additives and processing. Additionally, product labeling and transparency have become more critical as consumers seek greater information about the origin and quality of the ingredients used in whey protein products.

North America dominated the global whey protein market, owing to the increasing demand for protein supplements and sports nutrition products. The growing popularity of low-carb and high-protein diets, coupled with the rising number of fitness enthusiasts and athletes, has driven the demand for whey protein in the region. In addition, the increasing awareness about the health benefits of whey protein, such as improving muscle mass, reducing body fat, and boosting immunity, has further propelled the growth of the market in North America.

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Global Whey Protein Market

Report ID: SQMIG30I2196

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